The Bank of Japan cut forecasts for growth in the country, still suffering from the aftermath of a huge earthquake ten months ago. The bank also held interest rates steady According to MarketWatch After predicting…
Eurozone finance ministers rejected a deal between private investors which hold Greek debt, and the leadership of the southern European nation. These investors have insisted that they receive a coupon of at least 4%…
A deep recession of in the eurozone would make a bailout of its financially weakest nations more difficult than it already is. The ability of nations like Greece and Spain would be compromised if…
If Fance slips into recession, it would threaten efforts to raise hundreds of billions of euros to bailout the eurozone’s weak nations. Political leaders, particularly President Sarkozy, who is up for reelection, might shy…
The economy of the largest nation in Europe based on GDP recovered in January, a sign that it may escape recession Markit, the region’s research firm reported January data indicated that Germany’s private sector…
Comscore reports that the No.1 internet property in the US in December was Google, the sites of which had 187.1 million unique visitors for the month. The huge search operations edged out Microsoft at…
Starbucks (NASDAQ: SBUX) recently decided it needs to conqure the part of the eating and drinking day it does not already own in part–dinner time. The company has done modest experiments in a small…
The International Federation of the Phonographic Industry reports that digital music sales rose 8% last year to $5.2 billlion worldwide. The lobbying group was quick to note that the improvement is nearly meaningless in…
Shares of Columbia Laboratories (NASDAQ: CBRX) dropped 55% when the company and partner Watson Pharmaceuticals announced that confirmed that the Advisory Committee for Reproductive Health Drugs of the U.S. Food and Drug Administration (FDA) did…
Shares of Chesapeake Energy Corporation (NYSE: CHK) rose over 5% in the premarket as the company said it would cut investments as natural gas prices fall. Concerns about natural gas price drops have pressed…
Shares of Halliburton (NYSE: HAL) fell almost 2% before the open to $35.75 after the oil infrastructure and service company ann0unced frouth quarter earnings The firm reported income from continuing operations for the fourth…
WordStream, a provider of search marketing software, released its data on the top ten sources of Google’s (NASDAQ: GOOG) revenue based on industry. One part of the release is interactive. The top five, according…
The press has been invited to an event at which new JP Penney (NYSE: JCP) CEO Ron Johnson will talk about what the company says is his exciting new strategy. What the invitation does not say…
Research firm Demographia reports, in its 8th annual research paper on the issue, that Hong Kong, Vancouver and Sydney are among the least affordable cities in the world. The 8th Annual Demographia International Housing Affordability…
Research In Motion (NASDAQ: RIMM) did not pick Bob Mansfield, Apple’s head of hardware operations, to act as its new CEO. It did not pick Philip Schiller, Apple’s long-time marketing chief. RIM did not…
The National Association of Business Economists monthly survey of the sentiments of its members is as highly regarded a measure of the current state of the economy has any other. As part of its…
High gasoline prices are supposed to be an indication of a prosperous economy. They also are supposed to be a significant threat to future economic prosperity. If that is true, the U.S. economy is in relatively good…
Research In Motion (NASDAQ: RIMM), one of the most troubled large tech companies in the world, replaced its two long-time CEOs. The move may do little to help the firm. It has lost too…
Research In Motion (NASDAQ: RIMM) replaces its co-CEOs with the firm’s COO. (Reuters) A Reuters poll shows Japanese manufacturers have prepared for a eurozone break up. (Reuters) Apache (NYSE: APA) to buy Cordillera Energy.…
Oil independent Apache Corporation (NYSE: APA) will buy Cordillera for $2.85 billion comprised of $600 million in common shares and $2.25 billion in cash. Cordillera owns a large part of the Western Anadarko Basin.…